Global investment platform 01F Group said its growth-stage fintech private equity arm, 01Fintech, has invested in Indonesian digital finance platform DANA. According to ChainCatcher, the investment is intended to support local technology infrastructure, advance financial inclusion, and serve Indonesia's real economy.
The two sides plan to explore credit and working capital access for small and micro businesses on DANA, as well as expand services including microinsurance and digital savings. They also plan to use 01F Group's network to explore cross-border payments. DANA has provided digital payments, QRIS, transfers, and AI-based financial solutions since 2018.